Published 3 July 2019, by Sizwe Dlamini
CAPE TOWN – Sekunjalo chairperson Dr Iqbal Survé is set to head up a $1 billion (R14bn) Belt and Road Africa Fund that was announced on the sidelines of the annual World Economic Forum (WEF) Summer Davos Meeting, which is underway in Dalian, China.
The fund will focus on investments in Africa, which will include co-investments in infrastructure, technology, eCommerce, artificial intelligence (AI) and the beneficiation of the resource industry in Africa. Most importantly, the fund will serve as a bridge between African and Chinese businesses, thus strengthening, particularly, the co-operation between business sectors in China and Africa.
Survé, along with several Chinese family offices and business people, launched the fund, which will be capitalised with $1bn from Chinese investors.
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